Norfolk Southern issues $1.6B senior notes at 5.050% and 5.350%

On July 31, 2023, Norfolk Southern Corporation (the “Registrant”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, to issue and sell (i) $600,000,000 aggregate principal amount of the Registrant’s 5.050% Senior Notes due 2030 (the “2030 Notes”) at a public offering price equal to 99.796% of the aggregate principal amount of the 2030 Notes and (ii) $1,000,000,000 aggregate principal amount of the Registrant’s 5.350% Senior Notes due 2054 (the “2054 Notes” and, together with the 2030 Notes, the “Notes”) at a public offering price equal to 99.416% of the aggregate principal amount of the 2054 Notes (the “Offering”).